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BUSINESS, GOVERNMENT AND SOCIETY LECTURE 3
WEEK 2 REVISIONThe responsibility of the business is to create value for all stakeholders.
Stakeholder is defined as anyone who is affected by, or can affect the company.
Because of this, the number of stakeholde

Characteristics Why
Legal
Personality
Limited
Liability
Agency
So that more
people are
ready to invest,
thus there will
be more
business, more
investments,
which is better
for the
economy.
Problem
If the
investors or
stake holders
have limited
liability,

Metho
d
Private
Politics
Case
RAN
Targeted At
Choose a
company
and target
the
managers
and subject
them to
vulnerability.
Government
s are not
involved.
Issue Life Cycle
Story
Awareness
Involvement
Effect
Results
(institutions
)
(words)
Results
(implement

Kartikeya Jaiswal
WEEK 5 REVISION: BUSINESS GOVERNMENT RELATIONSHIPS
Context
Clientelism
Meaning
Where the business is
a client of a
government.
Businesses receive
benefits from the
Govt. Support the
business with
projects, subsidies
etc.
Businesses inves

Office/
Limitation
Way to
Office
President
Legislative/
Parliament
Cabinet
Ministries
Statutory
Boards, Self
Funding and
Non-Self
Funding
Government
Companies
Profitable
Government
Companies Not
Profitable
Judiciary
Top official in the
cabinet is the
prim

Case Analysis: My Cash!
David Huang, Ali Damani, Ebrahim Faheem, Bryan Lee
Business Law
Catherine Weber J.D.
10/9/15
Summary of Facts
Former Cox students have approached an investor with a payday loan business named
MyCash! They have asked for $20,000 for

Business Law Review 3
Agency
Agent- acts on behalf or in the in the of principal
-
Usually an agreement
Agent acts in the best interests of principal
Principal allows agent to perform duties
Fiduciary relationships in Agency
-
Heightened amount of trust a

Business Law Review
Contracts
Introduction
Contract- Legally binding agreement between two parties
-
If obligations are not fulfilled; breach of contract (remedy)
Memorialize the terms, obligations of each party
Mitigate risks; forum selection clause
Sour

Business Law Review
Introduction
Sources of the Law
Four Sources of Law:
1.
2.
3.
4.
Statutory Law- Legislative Law
Constitutional Law- Both Federal and State Constitutions
Administrative- Agency Law
Common Law- Case Law
Process of enacting statutory laws

BL3335-005
Test #2 Commentary
Question #1
The case summary provides that Cole made a counter-offer to Sandels offer of payment for her
idea and that Sandel rejected it. Thus, there is clearly no contract between Cole and Sandel.
Thus, in order for Sandel

Test #1 Review Sheet
The following is an outline of the material covered from January 18 through February 15. I hope
you find it helpful as you prepare for Test #1. Please note that the outline is topical only; you
must refer to your text, class notes, an

Test #2 Review Sheet
The following is an outline of the material covered from February 22 through March 21. I hope you find it
helpful as you prepare for Test #2. Please note that the outline is topical only; you must refer to your text,
class notes, and

BL3335 005
Test #1, Commentary
Question #1
Williamss claim against Nashboro Golf Club will be negligence. Accordingly, he must offer
evidence that it owed him a duty of reasonable care, it breached that duty, he suffered an injury,
and his injury was actu